Today Bloomberg quoted Romano Prodi, the former European Commission President and the former Italian prime minister:
“For Greece, the problem is completely over.”
“I don’t see any other case now in Europe. I don’t think there is any reason to think the euro system will collapse or will suffer greatly because of Greece.”
So yesterday everyone was concerned about the huge soverign debt of Greece, Portugal, Spain, Italy etc, and today the problem is gone? I advise you, dear reader, to read between the line and consider this as Orwellian doublespeak. This is what Jim Sinclair calls MOPE, Management of Perception Economics. This statement is to me the best evidence to date of the seriousness of the Greek cricis.
